The act of being in alignment with guidelines, regulations, and/or legislation. Being in compliance ensures that organizations are abiding by both industry regulations and government legislation, as well as ensuring that the organization is able to manage both compliance risk and pass a compliance audit. A balanced approach includes a study of contract compliance, regulatory (financial, product, trade and environmental) compliance and vendor compliance.
The act of being in alignment with guidelines, regulations, and/or legislation. Being in compliance ensures that organizations are abiding by both industry regulations and government legislation, as well as ensuring that the organization is able to manage both compliance risk and pass a compliance audit. A balanced approach includes a study of contract compliance, regulatory (financial, product, trade and environmental) compliance and vendor compliance.